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£783m Management Buy-Out, Acquisition
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Keepmoat is a UK specialist in social housing construction, refurbishment and community regeneration. The business operates through three main delivery companies: Haslam Homes which delivers affordable housing; and Frank Haslam Milan and Bramall Construction which both focus on social housing regeneration. The group is headquartered in Doncaster.

The principal private shareholders of Keepmoat had retired from day to day involvement in the business and were seeking an exit. There was a strong desire for Keepmoat to retain its independence and as such a sale to the incumbent management team was the favoured option. An auction process was run to select the preferred financial institution to support the management team.

The PPCF team had worked previously with Keepmoat, and were appointed as lead advisors to the management team, advising on selection of the appropriate funding partners and on structuring the transaction. The transaction was supported by Bank of Scotland Interated Finance. The management team retained control of the business.

Keepmoat went on to acquire Milnerbuild, a housing repair specialist. PPCF acted as Lead Advisor on the acquisition.

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